TSE:FTS

Fortis Inc. (FTS.TO)

76.57
+0.37 (0.49%)
as of Sep 3, 2026, 8:00:00 pm Market Open.
1462 watching
0
Investor Insights
star iconSep 3, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Fortis Inc. (FTS-T) is regarded as a solid utility stock with a long history of dividend growth, typically growing at about 5% annually while offering a dividend yield around 3.2-3.3%. The company benefits from a stable cash flow driven by its significant capital expenditure plan and the growing demand for data centers, making it an appealing choice for investors seeking reliable income amidst market volatility. However, there is a shared concern among experts regarding the current valuation, with many suggesting that the stock is fairly valued or even slightly overvalued compared to its growth prospects. While some analysts highlight the steady nature of this investment, they caution that returns may not be as high as more growth-oriented stocks, emphasizing this as an anchor for portfolios rather than a high-growth opportunity. Analysts suggest buying on dips, particularly if the price falls below key support levels, indicating a preference for cautious entry points in light of recent market trends.

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Consensus
Hold
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Valuation
Fair Value
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Similar
EMA
BUY
This is a way of producing income without too much volatility.
PAST TOP PICK
(A Top Pick Nov 19/07. Up 4%.) East coast utility that has become a national utility by buying the B.C. pipeline. Has been very stable. 3.5% yield. A Hold.
SELL
Nice yield at 3.6% but trades at a very high multiple in excess of the TSE price/earnings ratio.
PAST TOP PICK
(A Top Pick Mar 23/07. Up 7%.) There has been a pickup in the last few weeks because of a rush to quality and a rush to reliable dividends in the utilities. Has a fine history. Fairly aggressive expansion.
PAST TOP PICK
(A Top Pick March 23/07. Up 4% including dividends.) A good sensible blue chip.
BUY
(Market Call Minute.) Utility regulated and defensive. Runs on a shoestring.
BUY
If you are going to own equities through a difficult economy and market, yield is something you should look at. There are a bunch of companies in the Canadian market that have hung on pretty well. Look at TransCanada (TRP-T), Transalta (TA-T), Fortis (FTS-T) or an Enbridge (ENB).
BUY ON WEAKNESS
Have had a good growth profile for quite awhile. Stock is in a channel on an upward trend. Short-term momentum indicators are saying the stock is a little bit ahead of itself so you might see it back off a little. Try to buy at its support level of around $27.91.
DON'T BUY
Hasn't liked utilities for some time. Given the weakness in interest rates, the stocks have done very well, but he has difficulty in paying 18X or 19X earnings for a yield.
TOP PICK
One of the best utility managements in Canada. Has the feeling that they are just about set to roll again. Yield of 3.5% is not bad.
BUY
Nice defensive name with a decent dividend yield. Trades at reasonable earnings. Can be somewhat illiquid. Well diversified.
TOP PICK
3.1% yield. A very seasonal business. An excellent long term play on western Canadian resource strength. Great management.
BUY
This is a great time to be looking at utilities in general. They don't have a lot of growth, but are sensitive to interest rate movements. US is starting to lower interest rates.
BUY
He owns it and has been adding to it. Hold if you own. The company has been adding more assets in the west and he believes there will be more growth. 3.1% yield. This is a buying opportunity.
DON'T BUY
Has always thought that for a utility company it is quite expensive at 20X earnings. Doesn't really grow at 20%, so she doesn't see the point of owning it.
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